Japan’s consumer prices fall at record rate in August; Finance Minister rows back on issue of currency intervention
Sep 29th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japan's core consumer prices fell 2.4% in August year-on-year - - the fourth straight month of record falls. Meanwhile, the new Finance Minister Hirohisa Fujii said currency intervention may be an option if exchange rates make irregular moves. His remarks followed a surge in the value of the yen after he hinted he favoured a strong currency.